Presented below is the pre-closing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District.

Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2017?

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Trial Balance-December 31, 2017 Accounts Payable Accrued Interest Receivable Administrative Expense Cash Increase in Fair Value of Investments Distributions-Scholarships Interest Income Investment in Bonds Net Position-Restricted for Scholarships Credits $ 2,500 S 1010 5,990 52,000 4,500 62,000 214,000 $1,335,000 71,900 1,256,100 $1,335,000